*Appraisal Assistance Needed*
***Let’s face it, the appraisal space is changing. As the industry moves toward a more data-centric approach, lenders and others are looking for an automated approach. For example, PROGRESS in Lending has learned that National Real Estate Information Services (NREIS) is in production with Appraisal.com, an appraiser-facing portal that scrutinizes appraisal reports for completeness, correctness, consistency, and compliance.
****“We were impressed with the capabilities of Appraisal.com which include seamless integration with our existing vendor website, ensuring an automated process and providing compliance with the MISMO XML and Uniform Appraisal Dataset (UAD) protocol that Fannie Mae and Freddie Mac created,” said Chris Behning, CIO of NREIS. “We also wanted to ensure that it’s reliable and flawless in its execution. Given our history in working with ACI, we were very confident in their ability to deliver.”
****“NREIS recognized that Appraisal.com could satisfy the delivery requirements of the investors, speed the process, and trim costs,” said George Opelka, senior vice president for sales and marketing at ACI. “ACI offers enterprise-level solutions that allow clients to receive and review appraisal reports, comply with regulations, and deliver appraisals directly to the Uniform Collateral Data Portal (UCDP).”
****ACI has been providing software solutions for the valuation industry for thirty years. ACI offers desktop, tablet, and browser-based industry-standard applications, as well as custom-developed solutions, reaching beyond the foray of the valuation and mortgage services industries to real estate, insurance, and corporate and franchise inspection communities. Headquartered in Palm Coast, Florida, ACI is a division of Verisk Analytics. Verisk Analytics is a provider of risk assessment solutions to professionals in insurance, healthcare, mortgage lending, government, risk management, and human resources.